ICICI Securities: Cummins India -Healthy Growth And Operational Margins 
Cummins India. (Image: Company website)

ICICI Securities: Cummins India -Healthy Growth And Operational Margins 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Cummins India Ltd.’s reported better than expected growth in both domestic and export markets despite headwinds.

Company is confident of sustenance of growth and expects gradual normalisation in the domestic market.

Export segment too is expected to gradually tread towards normalisation; however, uncertainty regarding a second wave of the pandemic and resultant lockdown is a risk.

Though near-term execution is expected to be volatile, we believe, focus on cashflow, leadership in technology and gradual recovery in export markets augur well for long-term growth.

Click on the attachment to read the full report:

ICICI Securities Cummins Q2FY21 Results Review.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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